Canadians are about to get one more reason to not bother visiting a bank teller.

TD Bank announced Wednesday it will begin rolling out ATMs capable of dispensing bills in multiple denominations. Gone will be the days of being stuck with a handful of unwanted $20 bills. The move is the latest in a long list of banking innovations that have transformed the way Canadians handle their money.

Rizwan Khalfan, TD senior vice-president and chief digital officer, said that Canadians now do almost 70% of their basic service transactions using self-serve options.

With smart ATMs, cash-back in line for groceries and the ability to pay in-store via mobile phone, traditional bank tellers have never looked more destined for obsolescence.

“Yes, it’s declining,” Mr. Khalfan said in an interview, “but we still see good traffic into our branches.”

That traffic has fallen drastically in recent years. According to a 2014 Canadian Bankers Association report, only 13% of Canadians use branch banking as their primary banking method, down from 29% in 2000.

Instead, Canadians have turned overwhelmingly to online banking, with 55% using the web as their primary banking method. Mobile banking is also growing, especially among the young, tech-savvy crowd.

Kaan Yigit, president of Solutions Research Group Consultants Inc., thinks the number of bank branches in Canada is sure to decline over the next 10 years.

“If I can deposit my cheques using my mobile phone’s camera, if I can transfer [money]…if I can get money from ATMs, it takes away the need for [branches],” he said in an interview.

Mr. Yigit pointed to mobile banking as an example of how quickly the industry is changing. In 2010, only 1 million Canadians were banking on the go; by 2014, that number had increased to 9 million. Mr. Yigit thinks the trend will continue pushing traditional branches toward extinction.

Maura Drew-Lytle, director of communications at the CBA, does not think bank branches are on their way out, but she believes they will have to evolve in the next few years to meet customers’ needs.

“Branches have changed a lot,” she said in an interview. “There’s fewer people going in doing their day-to-day deposits, withdrawals. Branches have really changed into advice centres.”

“You can do a lot of your simple transactions using your mobile app or the ATM,” he said, “but when it comes to major decisions, when it comes to complex transitions, when it comes to problem resolution, you want to be able to speak to somebody, you want to be able to have a face-to-face conversation.